Resident urges council to address private-equity offers at Forest View; requests presentation be scheduled
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Summary
A resident warned about private-equity ownership trends affecting local housing (citing Forest View) and asked the council to invite parties making offers to present at a future meeting; the council asked the clerk to add the presentation to the next agenda.
During public comment on Oct. 28 a resident raised concerns about private-equity investment in local housing, using Forest View as an example and urging the council to act to protect affordable, safe housing.
The speaker said private-equity ownership treats homes as assets to be flipped for profit, which can leave tenants facing stagnant rents and reduced maintenance and services. The resident linked the issue to broader changes in property markets and urged council members to “look out for the least privileged of us as a community.”
The resident asked the council to hear from those making an offer on Forest View. A council member asked the clerk to add a presentation by the offering party to the next meeting’s agenda.
No formal action or referral beyond scheduling the requested presentation was taken at the meeting.
The comments were made during the announcements/public-comment portion of the meeting and represent a resident’s perspective; no developer or private-equity representative presented facts at the meeting.